Buy Cipla, Lupin: Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, "There are two reasons for buying Cipla, first it is a defensive and second, I think it is going to surprise on the upside when it comes to results, not only this quarter, but going forward as well. It is one of the beaten down stocks in that particular sector, it has not rallied as much, although I am bullish on the whole of the sector, but Cipla seems much more value for money at this moment.”

“I would go with Cipla with a target of Rs 450 or even look at Lupin, although it has rallied in the past couple of days, but Lupin still has some more way to go and for Lupin I would invest with a target of around Rs 1,150 odd,” he added.